Slide 1: Tapestry
tapestry COACH | kate spade | STUART WEITZMAN © 2025 Tapestry, Inc.
Slide 2: Forward-looking statements
This presentation contains certain “forward-looking statements” based on management's current expectations. Forward-looking statements include, but are not limited to, the statements under “Financial Outlook,” statements regarding long term performance, statements regarding the Company's capital dep
Slide 3: Purpose
Purpose STRETCH WHAT'S POSSIBLE STRETCH speaks to how tensions challenge and pull us in new directions. These tensions compel us to look beyond ourselves and embrace new perspectives, experiences and ideas. WHAT’S POSSIBLE refers to what happens when we embrace the creative tensions within each othe
Slide 4: Values
Values Built by go-getters who saw unseen needs and took daring leaps, we channel that same passion today, doing what it takes to make the dream happen and refusing to settle for anything less. From how we source, to how we sew, to how we sell, we insist on the highest integrity at each step, doing
Slide 5: Competitive Advantages
Competitive Advantages ca 01 02 08 tapestry 5 4 O05
Slide 6: Stuart Weitzman
STUART WEITZMAN NEW YORK tapestry
Slide 7: Attractive Categories
02 Attractive Categories RESILIENT CATEGORIES WITH CONTINUED. GROWTH EXPECTED IN COMPETITIVE MARKET WE PLAY IN Durable & High-margin Categories PERSONAL PREMIUM GOODS") HANDBAGS, SLGS, FTW & APPAREL‘) HANDBAGS, SLGS & FTW!) TAPESTRY FY24 J (1) Global market; Source: Euromonitor 2024 update, translat
Slide 8: Diversified Model with Omni-Channel Leadership
03 Diversified Model with Omni-Channel Leadership Women’s Accessories 21% Category Attractive and high-margin categories Resilient & durable demand given emotional & functional needs these categories fulfill Global leader in core categories with permission to play in lifestyle coum Geography China 1
Slide 9: Global Platform
04 Global Platform Modern, Data-driven & Agile Platform DESIGNED TO DRIVE CONSUMER ENGAGEMENT tapestry ’
Slide 10: Talented Team
05 Talented Team ad Joanne Crevoiserat CHIEF EXECUTIVE OFFICER Howard GENERAL COUNSEL AND SECRETARY Scott Roe CHIEF FINANCIAL, OFFICER & CHIEF OPERATING OFFICER Todd Kahn CEO & BRAND PRESIDENT, COACH ] Peter Charles Kulikowsky CHIEF PEOPLE CHIEF SUPPLY CHAIN OFFICER 4 vy asi Eva Erdmann Sandeep Seth
Slide 11: We're Powering Iconic Brands to Move at the Speed of the Consumer
WE'RE POWERING ICONIC BRANDS TO MOVE AT THE SPEED OF THE CONSUMER futurespeed
Slide 12: Tapestry
tapestry
Slide 13: Third Quarter Highlights
Third Quarter Highlights Drove standout third quarter results, outperforming expectations against a complex backdrop; Raised full year outlook DELIVERED REVENUE OF WITH GROWTH IN NORTH AMERICA, EUROPE, AND GREATER CHINA INCREASED OPERATING PROFIT") OVER PRIOR YEAR, WHICH INCLUDED 140BPS EXPANSION IN
Slide 14: Revenue Trends by Geography: FY25 Q3
Revenue Trends by Geography: FY25 Q3 Growth rates shown on a constant currency basis. =~ tapestry 4
Slide 15: Our third quarter outperformance reinforces our position of strength
“Our third quarter outperformance reinforces our position of strength. We accelerated top and bottom-line growth and raised our outlook for the fiscal year, demonstrating the power of brand building and our connections with consumers around the world. Importantly, while the external backdrop is comp
Slide 16: P&L Overview by Brand: FY25 Q3
P&L Overview by Brand: FY25 Q3 TAPESTRY COACH KATE SPADE STUART WEITZMAN NET REVENUE”? $1.58B $1.29B $245M $46M +8% vs. LY +15% vs. LY -12% vs. LY -17% vs. LY GROSS PROFIT $1.21B $1.02B $163M $24M 76.1% margin 78.7% margin 66.7% margin 52.2% margin SG&A EXPENSES $929M $598M $160M $29M 58.6% of sales
Slide 17: Coach Highlights: FY25 Q3
Coach Highlights: FY25 Q3 Delivered standout results, highlighting the enduring power and relevance of the brand and its Expressive Luxury positioning, with 15% constant currency revenue gains at exceptional margins, including strong double-digit revenue growth in North America Fueled broad-based st
Slide 18: Kate Spade Highlights: FY25 Q3
Kate Spade Highlights: FY25 Q3 Delivered profit results in-line with expectations, highlighted by continued margin gains, while revenue declined 12% Work to reset the brand is underway, focused on building a healthier brand and executing with urgency to drive sustainable long-term growth Committed t
Slide 19: Stuart Weitzman Highlights: FY25 Q3
Stuart Weitzman Highlights: FY25 Q3 As previously announced, during the quarter, Tapestry entered into a definitive agreement to sell Stuart Weitzman to Caleres (NYSE: CAL) Strategic decision consistent with Tapestry's commitment to diligent portfolio management and disciplined capital allocation, e
Slide 20: Raised Fiscal 2025 Revenue, Earnings, and Cash Flow Outlook
Raised Fiscal 2025 Revenue, Earnings, and Cash Flow Outlook © CURRENT FY25QUTLOOK = PRIORFY25QUTLOOK REVENUE ARETE) $6.95 billion, up 4% versus prior year on a reported basis, Over $6.85 billion, up approximately 3% versus prior year on a reported including an expected currency headwind of nearly 50
Slide 21: Well-positioned to Navigate the Shifting Global Trade Landscape
Well-positioned to Navigate the Shifting Global Trade Landscape STRUCTURAL ADVANTAGES AND TARIFF MITIGATION CAPABILITIES STRONG MOMENTUM & MARGIN PROFILE * Coach brand heat with emotional connections in a durable category + High-margin business with robust cash flow generation + Consistent track rec
Slide 22: Capital Allocation Priorities Focused on Driving Growth
Capital Allocation Priorities Focused on Driving Growth, Profitability, and Shareholder Value CASH FLOW GENERATION & BALANCE SHEET FLEXIBILITY FOR VALUE CREATION UNDERPINNING THESE PRIORITIES IS A FIRM COMMITMENT TO A SOLID INVESTMENT GRADE RATING AND LONG-TERM GROSS LEVERAGE TARGET OF BELOW 2.5X FO
Slide 23: Committed to Creating Value for Shareholders
Committed to Creating Value for Shareholders SHARE REPURCHASES = Executed a $2 billion Accelerated Share Repurchase ("ASR") program in November, which remained underway during the fiscal third quarter = Total of $800 million remaining under previous share repurchase authorization DIVIDEND PAYMENTS =
Slide 24: Key Takeaways: FY25 Q3
Key Takeaways: FY25 Q3 Standout quarter highlighted by accelerated top and bottom-line growth, achieving record Q3 revenue and EPS Coach grew revenue by 15% at increasing margins, fueled by new customer acquisition, broad-based gains in leathergoods, and growth at global scale The work to reignite K
Slide 25: Tapestry
tapestry
Slide 26: Tapestry
tapestry
Slide 27: Coach's Brand Purpose Is to Inspire People to Express Their Many Selves
COACH'S BRAND PURPOSE IS TO INSPIRE PEOPLE TO EXPRESS THEIR MANY SELVES AND HAVE THE COURAGE TO BE REAL. THIS PURPOSE IS GROUNDED IN CURRENT CONSUMER TRUTHS—THE MANY POSSIBILITIES OF SELF AND THE CHANGING NATURE OF “REAL.” WITH EVERY PRODUCT AND EXPERIENCE COACH CREATES, WE AIM TO INSPIRE OUR CONSUM
Slide 28: Net Sales
$5.1B NET SALES As of FY24, mm COACH 950 DIRECTLY OPERATED STORES -60 COUNTRIES 11,600 EMPLOYEES 28
Slide 29: Coach Revenue Breakdown
Coach Revenue Breakdown Other Asia = PF 15% Be f Other Lifestyl : 1 z a . Greater China 18% ’ a , Category Geography Channel Direct to Consumer 88% As of FY24. COACH
Slide 30: Coach FY25 Growth Strategies
oe Coach FY25 Growth Strategies 3 . DEEPEN GROW FUEL GAINS LEAD WITH J EXPAND CONNECTIONS LEATHER- ACROSS PURPOSE-LED RETAIL WITH GOODS LIFESTYLE STORYTELLING EXPERIENCES CONSUMERS
Slide 31: Kate Spade
kate spade NEW YORK tapestry
Slide 32: Joy Colors Life
joy colors life SINCE ITS LAUNCH IN 1993 WITH A COLLECTION OF SIX ESSENTIAL HANDBAGS, KATE SPADE NEW YORK HAS ALWAYS BEEN COLORFUL, BOLD AND OPTIMISTIC. TODAY IT IS A GLOBAL LIFESTYLE BRAND THAT DESIGNS EXTRAORDINARY THINGS FOR THE EVERYDAY, DELIVERING SEASONAL COLLECTIONS OF HANDBAGS, READY- TO-WEA
Slide 33: Net Sales
-A0 NET SALES DIRECTLY COUNTRIES EMPLOYEES OPERATED STORES As of FY24. — 33
Slide 34: Kate Spade Revenue Breakdown
Kate Spade Revenue Breakdown Category Geography Channel Other America Lifestyle 81% 22% Direct to id Consumer we As of FY24. a
Slide 35: Fuel Brand Heat & Relevancy
FUEL BRAND HEAT & RELEVANCE DRIVE GEN Z CONSUMER ACQUISITION DEVELOP & GROW HANDBAG ICONS MAXIMIZE OMNICHANNEL COHESIVENESS
Slide 36: Tapestry
tapestry
Slide 37: Stand Strong
STAND STRONG SINCE 1986, NEW YORK CITY-BASED GLOBAL LUXURY FOOTWEAR BRAND STUART WEITZMAN HAS COMBINED ITS SIGNATURE ARTISANAL CRAFTSMANSHIP AND PRECISE ENGINEERING TO EMPOWER WOMEN TO STAND STRONG. HAVING PERFECTED THE ART OF SHOEMAKING FOR OVER 35 YEARS, THE BRAND CONTINUES TO EXPAND ITS ASSORTMEN
Slide 38: Net Sales
NET SALES DIRECTLY COUNTRIES EMPLOYEES OPERATED STORES As of FY24, — § 7
Slide 39: Stuart Weitzman Revenue Breakdown
Stuart Weitzman Revenue Breakdown Greater China 27% Category Geography North Direct to America 67% Consume! 68% Footwear 100% As of FY24, — § *
Slide 40: Fuel Brand Relevancy, Grow Icons & Expand Casual, Accelerate Wholesale
FUEL BRAND GROW ICONS & 7 EXPAND CASUAL ACCELERATE _— — RELEVANCY WITH KEY ITEMS & NEW WHOLESALE EMOTIONAL CATEGORIES STORYTELLING — § F
Slide 41: Corporate Responsibility
‘Gorporate esponsibility tapestry
Slide 42: The Fabric of Change: Recent Highlights
The Fabric of Change: Recent Highlights AMBITION: MAKE EVERY BEAUTIFUL CHOICE A RESPONSIBLE CHOICE \ UPLIFT CREATE OF OUR PEOPLE THE PLANET OUR COMMUNITIES PRODUCTS WITH CARE Recognitions include America’s Joined WWF's Deforestation-Free Completed over 65,000 volunteer Launched our first-ever produc
Slide 43: Tapestry
tapestry
Slide 44: Non-GAAP and constant currency measures
Management utilizes non-GAAP and constant currency measures to conduct and evaluate its business during its regular review of operating results for the periods affected and to make decisions about Company resources and performance. The Company believes presenting these non-GAAP measures, which exclu
Slide 45: Consolidated Segment Data and GAAP to Non-GAAP Reconciliation
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the quarter ended March 29, 2025. GAAP BASIS ACQUISITION AN ORGANIZATIONAL NON-GAAP BASIS in millions, except per share data; unaudited (AS REPORTED DIVESTITURE COSTS EFFICIENCY COSTS ( (EXCLUDING ITEMS) Coach $1,018.5 $- $- $1,018.5
Slide 46: Consolidated Segment Data and GAAP to Non-GAAP Reconciliation
Consolidated Segment Data and GAAP to Non-GAAP Reconciliation For the quarter ended March 30, 2024. GAAP BASIS GAAP BASIS in millions, except per share data; unaudited (AS REPORTE! ACQUISITION COSTS ( (EXCLUDING ITEMS) Coach $891.3 $- $891.3 Kate Spade 183.6 - 183.6 Stuart Weitzman 32.5 - 32.5 Gross
Slide 47: Adjusted Free Cash Flow GAAP to Non-GAAP Reconciliation
Adjusted Free Cash Flow GAAP to Non-GAAP Reconciliation For the Nine Months Ended March 29, 2025 and March 30, 2024. Nine Months Ended in millions, unaudited Net cash provided by (used in) operating activities (GAAP) $999.6 Purchases of property and equipment (62.7) Items affecting comparability - A
Slide 48: Tapestry
tapestry COACH | kate spade | st